No trades from pillow talk, SEC says in lawsuits

Tuesday, April 01, 2014 12:03 PM

Two California husbands who allegedly heard their executive wives discussing nonpublic information about their technology company employers on the phone were sued for insider-trading by securities regulators, Bloomberg reported. The lawsuits are the latest in a string of recent U.S. Securities and Exchange Commission cases involving men, including the husband of former Playboy Enterprises Inc. CEO Christie Hefner, who allegedly traded on inside information they learned from spouses over the objections or without the knowledge of their wives.